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Environmental, Social, and Governance (ESG) has sounded a drumbeat that’s been getting faster and louder for decades. But now, what used to be an optional form of risk management and valuations has now fallen under the watchful eyes of the U.S. Securities and Exchange Commission (SEC). The Commission’s newly established Climate Disclosure Rules have made progress to enhance and standardize climate-related disclosures by public companies, while posing significant implications for the commercial real estate (CRE) industry and challenging stakeholders to reevaluate their portfolios. Research shows that the #CRE industry is responsible for nearly 40% of global carbon dioxide emissions – with approximately 70% of emissions produced by buildings’ operations and 30% from construction. In this week’s article, we take a look at the ways the CRE industry is working toward a more sustainable, resilient, and environmentally conscious future. KBS is furthering its commitment to being an industry #ESG leader, setting the goal of achieving a 5% greenhouse gas emissions reduction by 2025 – which includes emissions under the company’s direct control and on-site emissions generated by tenants in the properties that KBS manages. Read the full blog article below: https://lnkd.in/ghqt6Z8e #CommercialRealEstate #Sustainability #Resilience #Environment #California #SEC #Legislation #Regulation #Compliance

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